Xunlei (NASDAQ:XNET) Shares Pass Above 50 Day Moving Average - Time to Sell?

Key Points

• Xunlei Limited shares have recently surpassed their 50-day moving average, trading at $7.31, which is above the average of $5.90.
• Wall Street analysts upgraded Xunlei's rating from "hold" to "buy" on August 16th.
• The company reported $103.54 million in revenue for the last quarter with an impressive net margin of 202.62% and a price-to-earnings ratio of 0.64.

Xunlei Limited (NASDAQ:XNET - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.90 and traded as high as $7.62. Xunlei shares last traded at $7.31, with a volume of 872,772 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating in a report on Saturday, August 16th.

Xunlei Stock Down 4.8%

The firm has a 50 day moving average price of $6.10 and a two-hundred day moving average price of $5.13. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $484.21 million, a price-to-earnings ratio of 0.68 and a beta of 0.97.

Xunlei (NASDAQ:XNET - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The software maker reported $0.12 EPS for the quarter. Xunlei had a net margin of 202.62% and a return on equity of 4.50%. The business had revenue of $103.54 million for the quarter. Xunlei has set its Q3 2025 guidance at EPS.

Hedge Funds Weigh In On Xunlei

Several large investors have recently modified their holdings of XNET. Walleye Capital LLC bought a new position in shares of Xunlei during the second quarter worth about $51,000. QRG Capital Management Inc. bought a new position in Xunlei in the second quarter worth about $56,000. NewEdge Advisors LLC lifted its holdings in Xunlei by 9,106.5% in the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock worth $83,000 after acquiring an additional 18,213 shares during the last quarter. XTX Topco Ltd bought a new position in Xunlei in the first quarter worth about $98,000. Finally, Russell Investments Group Ltd. lifted its holdings in Xunlei by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock worth $132,000 after acquiring an additional 5,190 shares during the last quarter. Institutional investors own 5.07% of the company's stock.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.